First Hawaiian (FHB) Proxy Filing summary

Executive summary

• Annual Meeting scheduled for April 22, 2025, to be held virtually, with voting on key proposals including director elections, executive compensation, a new omnibus incentive plan, and auditor ratification.

• 2024 performance highlights include $230.1M net income, 2.95% net interest margin, and $14.4B in loans and leases.

• Strong capital position maintained, with $40M in stock repurchased in 2024 and a new $100M repurchase program announced for 2025.

• Technology investments have improved deposit growth and operational efficiency, with digital banking enhancements noted.

Voting matters and shareholder proposals

• Proposals include election of nine directors, advisory vote on executive compensation, approval of the 2025 Omnibus Incentive Compensation Plan, and ratification of Deloitte & Touche LLP as independent auditor.

• Board recommends voting FOR all proposals.

• Shareholders can vote electronically, by phone, or by mail.

Board of directors and corporate governance

• Board consists of nine nominees, eight of whom are independent; 44% women and 67% ethnic minority representation.

• Board committees include Audit, Compensation, Corporate Governance & Nominating, and Risk, all composed of independent directors.

• Lead Independent Director role established; annual board and committee performance reviews conducted.

• Board skills matrix includes expertise in banking, finance, technology, legal, and community engagement.

• Stockholder engagement is ongoing, with feedback considered in governance and compensation decisions.